No longer on the market
This property is no longer on the market
Map2 bedroom flat
Auction
Sold STC
Flat
2 beds
1 bath
828
EPC rating: C
Key information
Tenure: Leasehold | 88 yrs left
Ground rent: £10 per annum | review period: unconfirmed
Service charge: £1,000 per annum
Council tax: Band A
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- Vacant Possession upon completion
- Leasehold - 88 years unexpired
- Investment
Introducing this leasehold two-bedroom flat investment located at 159 Collingwood Court in Washington, Tyne and Wear. This property is ideal for buy-to-let landlords looking to expand their portfolio.
The accommodation includes a spacious reception room, kitchen, bathroom, and two bedrooms. With uPVC double glazing and gas central heating, this flat offers comfort and convenience. The lounge measures 19’0 x 14’6, the kitchen 10’6 x 5’9, bedroom 1 11’0 x 11’0, and bedroom 2 10’9 x 10’0.
The leasehold tenure extends 125 years from April 1986, with 88 years remaining. Ground rent is £10 per annum, and the service charge is £1000 per annum. The property is currently vacant, previously generating an income of £5,160.00 per annum.
Located in Washington, a historic town in the City of Sunderland district of Tyne and Wear, this property offers a rich heritage as the ancestral settlement of the Washington family, from which George Washington descended. Situated between Chester-le-Street, Gateshead, and Sunderland, residents can enjoy easy access to various amenities and attractions.
BUYER’S PREMIUM
The accommodation includes a spacious reception room, kitchen, bathroom, and two bedrooms. With uPVC double glazing and gas central heating, this flat offers comfort and convenience. The lounge measures 19’0 x 14’6, the kitchen 10’6 x 5’9, bedroom 1 11’0 x 11’0, and bedroom 2 10’9 x 10’0.
The leasehold tenure extends 125 years from April 1986, with 88 years remaining. Ground rent is £10 per annum, and the service charge is £1000 per annum. The property is currently vacant, previously generating an income of £5,160.00 per annum.
Located in Washington, a historic town in the City of Sunderland district of Tyne and Wear, this property offers a rich heritage as the ancestral settlement of the Washington family, from which George Washington descended. Situated between Chester-le-Street, Gateshead, and Sunderland, residents can enjoy easy access to various amenities and attractions.
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s
premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
Don't miss the opportunity to view this fantastic investment property in Washington. Contact us for more details and to arrange a viewing.
Rooms
Lounge
19’0 x 14’6
Kitchen
10’6 x 5’9
Bedroom 1
1 11’0 x 11’0
Bedroom 2
2 10’9 x 10’0
About this agent
Palace Auctions London: Redefining Luxury Property Auctions As the premier luxury property auctioneers and real estate investment consultants in London, Palace Auctions London stands as the pinnacle of sophistication and exclusivity in the provision of Auctioneering, Market appraisals , valuation, and investment consultancy advice across a broad range of commercial Property, Residential and development site services. We have the skills, the experience, and the drive to maximise the true open market value for our clients in the global real estate market. Our esteemed reputation, built on a legacy of unparalleled service and expertise, sets us apart, as the go-to team for discerning investors and sellers seeking extraordinary opportunities in the luxury property sector, Land sales and high value development opportunities.